New updates have been reported about 1inch (PC:ONCHH)
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1inch, a leader in the decentralized finance (DeFi) ecosystem, has launched its new 1inch Cross-chain Swap Scanner in collaboration with Blockscan, the cross-chain division of the team behind Etherscan. This innovative tool provides users with an explorer-grade view of cross-chain transactions, enhancing transparency and traceability. The scanner allows users to track their entire cross-chain swap process through a single link, facilitating more efficient debugging and support for integrators. This development strengthens trust by offering transparent, independent verification of 1inch’s cross-chain activities.
The strategic partnership with Blockscan and the introduction of the cross-chain scanner underscore 1inch’s commitment to providing transparent and verifiable cross-chain infrastructure. Co-founder Sergej Kunz emphasized the importance of maintaining transparency and traceability in cross-chain transactions, stating that the new scanner sets a standard for the industry. As multichain adoption grows, the need for clear visibility into cross-chain transactions becomes increasingly vital. Harith Kamarul from Blockscan expressed excitement about supporting 1inch in facilitating seamless cross-chain DeFi activities across networks supported by Etherscan. This move positions 1inch as a key player in simplifying and advancing DeFi for its 26 million users, who benefit from a range of innovative tools and services.